Economic Policies

Red ink will swallow the U.S. economy in the coming years, says the budget watchdog.

The United States is the UK’s second top car export market, behind the EU.

Dutton delivered his budget reply, and part election pitch, on March 27.

The chancellor denied there will be further tax rises or spending cuts at the Autumn Budget in order to balance the books.

Responding to the announcements, Trump warned the European Union against working with Canada, threatening further escalation.

Social services and welfare tops the list for government spending.

Opposition Leader Peter Dutton says he would cut the fuel excise by half as a cost-of-living measure should he win the 2025 election.

The auto tariff will take effect on April 2, when the United States will impose broad reciprocal tariffs on its trading partners.

Chancellor Rachel Reeves announced further cuts to welfare benefits and government departments, after it emerged existing reforms would save less than planned.

The latest forecast is ‘a clear warning sign,’ the Committee for a Responsible Federal Budget said.

Chancellor Rachel Reeves set out further cuts in public spending after the Office for Budget Responsibility’s verdict.

The Nature Friendly Farming Network has called for an interim agri-environment scheme to support farmers who missed out on accessing the SFI.

The surprise tax cut lowers the 16 percent tax rate to 14 percent in two years.

Tariffs are a component in the toolkit Trump is using to achieve his goal of restoring domestic manufacturing, experts say.

Experts argue the budget fails to tackle critical structural issues such as productivity, inflation, and corporate tax policy.

Defence spending continues to be a hot topic issue as the government tries to balance the books.

While full of sweeteners, the budget also had some bitter realities.

The investment is aimed at helping to fulfil the government’s pledge to build 1.5 million new homes over the next five years.

Treasurer Jim Chalmers also announced a crackdown on non-compete clauses to free up low-middle income workers.

This will be Labor’s fourth budget this term.